Coghlan Capital & Andrew Maguire Launch Precious Metals Service

Guarantee backed service provides real time access to calls by professional trader

New York and London, Feb. 23rd, 2011: Coghlan Capital today announced the launch of MetalsTrades, a unique service for gold and silver traders and investors. In addition to intraday traders this specialist service is ideally suited for traders or institutions that have or are looking to establish core positions in gold or silver and would like to hedge or capitalize on intraday moves in these highly volatile instruments. The service provides access to real-time calls and commentary from well known metals trader, Andrew Maguire.

Speaking at the launch, Paul Coghlan, founder of Coghlan Capital, said "This is a unique opportunity to follow a highly successful trader in real time. The most unusual aspect is the inclusion of a guarantee. If posted trades in any month result in a loss then membership fees for that month will be refunded. I believe that there are no services that provide such an iron clad guarantee. Andrew is a truly exceptional trader and we are showing our confidence in him and his methods by providing this guarantee."

Launching March 1st, the service will provide members with real-time calls made by Maguire through an encrypted, secure web site supported by configurable alerts via email and text messaging.

Applications for membership are now being taken on a first come first served basis. Membership costs $500 per calendar month. For more information on the service please visit www.coghlancapital.com/metalstrades

About Coghlan Capital

Founded by professional trader and market analyst, Paul Coghlan, Coghlan Capital provides traders, fund managers and long term investors with expert analysis of the precious metals and FX markets based upon technical analysis. A serial entrepreneur, Paul Coghlan has business experience in both Europe and the US, having co-founded one public company and two that were successfully sold.

About Andrew Maguire

Andrew Maguire is a world renowned metals trader. With more than 30 years experience as an institutional trader and 19 trading solely Gold and Silver Andrew possesses an unparalleled level of expertise in the precious metals markets.SOURCE Coghlan Capital LLC

BUENOS AIRES, Argentina | Argentina’s Central Bank chief resigned Friday, saying he could do no more to protect the nominally independent institution from the president’s efforts to control its dollar reserves.

Martin Redrado claimed credit for bringing Argentina monetary stability for the first time in 30 years, but said President Cristina Fernandez had disregarded this achievement while unconstitutionally ordering his removal.

“I went through all the institutional steps,” he said. “Unfortunately, the government didn’t do the same and disregarded the independence of the Central Bank.”

The president ordered Redrado fired this month after he refused her decree to make the bank’s reserves available for paying off $6.6 billion in national debt and also for spending of undefined “excess reserves” for other purposes.

The Central Bank has about $48 billion in reserves, and some analysts said the decree’s wording would enable the president to unilaterally use more of it for other spending.

A judge blocked Fernandez’s decree and a congressional panel had been considering whether to approve or reject it.

Fernandez had urged the panel to rule quickly to resolve the crisis.

Her Cabinet chief refused to accept Redrado’s resignation Friday, in effect saying the bank president can’t quit because he has already been fired.

“For us, the resignation doesn’t exist,” Anibal Fernandez told the C5N news channel, adding that the government would wait for the congressional panel’s decision.

Fernandez wanted the reserves to be used for a “Bicentennial Fund” to resolve court battles over bond payments after Argentina defaulted on its debt in 2001. The bond holdouts have sued in New York, becoming a key obstacle to Argentina’s return to international debt markets.

These fakes at link will fool most sheeple on the street. They are listed on Ebay and ship from Hong Kong...

The description reads...

"The above auction is a replica. I have marked "replica" or "copy" on each coin. Please don't buy them as original coins. They are only used to add your collections. And I sell those copied coins only want to make your collections more perfect."

These fake coins are listed on Ebay in about every denomination/date that one can imagine. A lot of them are shipped from Hong Kong.

I have seen many of the Morgans at local swap meets, usually the sellers are not regulars but are here and gone in one or two weeks.

The first 'tell' on the fake coins is the very low asking prices, usually at least 25% under the cost of genuine coins. Also, all of them that I have seen have been in incredibly excellent condition, almost all looking uncirculated.

Why are the minters/sellers of these coins not being prosecuted for counterfeiting? If an American decided to mint US Coins s/he would be prosecuted. Are the Chinese immune to US counterfeiting laws? Is the Treasury not interested in goinging after these crooks? Lastly, why is Ebay letting these crooks sell fake coins on their site?

imho, me thinks a worldwide campaign to drive this fear of authenticity in the minds of the sheep and even the more aware, would slow down the silver market more than all their wasted paper....lets face it, fear works when ever they need it to..

You're probably right. I have been a coin collector forever so I can spot the fakes easily.

I do find it hard to believe that a long time pawn shop owner failed to spot the fake Morgans.

I know some pawn shop owners and none of them would be taken in by a stack of fake Morgans that were all in near mint condition, differing dates or not. Any pawn operator that gullible will not last in the business long. If the owner cannot spot a fake Morgan how well would s/he do with precious stones?

The only gullible pawn operators that I have come across are the new chains, like Pawn America, etc. When they first opened they were getting creamed with fake everything and were selling their genuine items way too cheap. Turned out they hired 'managers' and clerks that were clueless about the pawn business.

To be successful in the pawn biz one must know a lot about a lot of merchandise as well as knowing what are the 'hot moving items' of the moment...btw, by hot moving I do not mean stolen, but what is trendy.

Speaking of Andrew Maquire, here's an interesting post from Gold Harvest Under a Silver Moon:

"The Friends Of Andrew Maguire [FOAM] look to align themselves as a group to punish the CRIMEX and force them to either deliver a massive quantity of Silver to them in March, or pay a heavy premium to them to keep the rigged CRIMEX game going.

FOAM have a target price of $37 Silver set for First Notice Day February 28. FOAM began their assault on the CRIMEX when price broke through $31 last Thursday. Their intent is to run price up to, and possibly through, $37 by First notice Day. If they can achieve a price of $37 or higher they will settle their long futures contracts with the Crimex at 20% premium to spot. If they fail to break the $37 barrier, they intend to actually fund their positions and force the CRIMEX to deliver Silver that FOAM believes they do not have."